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Is the silence on here today because everyone invested in recent weeks is punch drunk on the tear away SP increase! I’m up 60% in less than 3 weeks. Do I hold, do I sell - 1100p my target and I think it will get there soon albeit at a slightly slower rate than the last few weeks! Bought Rolls Royce, Societe General and BNP Paribas before the markets opened this morning and all eclipsed the Easyjet rise today. Plenty left in the tank on those too. Have a good weekend all.
Agee. I got in at 677 and happy to hold. I also like Superdry (was a holder many years ago) and think they will do well too.
I am stuck with my shares and at home furloughed. I think the bump up in price reflects hope that there will be a V shaped economic recovery and that come July our flying programme will be stuffed with passengers desperate to get away.
Basilhope offers a more tech explanation and while his style of writing posts is eccentric he was a useful source of info on AMER. Momentum trading has pushed the sp up but is it sustainable against the cold hard facts? At some point the market might see the Q2/3 results and realise that the airline is not going to bounce back in 2020.
If you are willing to hold for a few years then now is perhaps not a bad time to trickle invest but DYOR.
For me, Easyjet a very good stable company which has been around for a long time and I’ve flown with over the last 15 years. Secured 600 million to support it through this difficult but temporary time and with the 3000 job cuts (as unfortunate as that is), the value to be had looking forward when it was around 500p was too good to ignore. I’ll double up at 1100 if it gets there soon and will step out then, looking to buy in again on any significant pull back. GLA
And there goes £9, just as Ventura and I predicted about a week ago.
Smithy and his doomsday predictions are nowhere in sight, nor should they be as he hasn't got a clue about investing based on what he said on this board !
Looking at this market today, just buy anything. It's all looking like it was in the dot com era
EZJ share price now within 5% of where it was in June 2019. EZJ only normally makes profits in calendar Q2 and Q3 and loses money in Q1 and Q4. Q2 has obviously been totally sacrificed. Fares for flights being offered in July and August - only a fraction of the usual timetable - are rock bottom. Most planes will still be grounded and those flying struggling to break even in Q3, followed by 6 months of more losses. They would have been unable to hedge the rock bottom fuel prices of recent months, unsure of fuel requirements and seen as a counter party risk by traders. The Board have done well to protect the company’s principal asset - ownership of 45% of Gatwick’s total slots.
I had a feeling we would get 9.20 but didn't expect it first thing this morning :)
Haha perhaps a bit over-eager but I've said it now so I'll stick with it! Let's see what the next few months bring
Jonny, Id love to see this motor up to £11 but the airlines would not have hedged fuel at the low price because they did not know then how much they would use in the next 12 months and they still dont know today. Until they know capacity for next 12 months they cant hedge so they are at the mercy of the oil price. Saudis and opec know this and are rubbing their hands. They whole airline industry has this problem. Hence opecs game of shall we have a meeting or not and the move in oil today. One thing I would say is Id rather hold an airline than an operator like TUI
Barring a second global peak and travel going into lockdown again, EZJ and other airlines will recover and hold their SP as they have been doing. Won't go back to pre-covid levels quickly but is it too bold to predict a 75-80% recovery short-mid term? EZJ was trading at £15 a share before lockdown so I'm going to go with a prediction of ~£11 shorter term recovery.
Flights will be snapped up, we've seen the masses clammering for the beaches in the UK and across Europe as lockdown measures ease... Clark you mention a drop in oil prices which also feeds into my prediction as I'm sure most airliners have taken advantage as much as possible and stocked up on cheap fuel - especially low-cost airlines like EZJ where every penny counts.
It's a wild ride that's for sure...
The only thing I'll say is this. Warren Buffet sold all his airline stocks. Maybe he sold because he saw better opportunities elsewhere? I remember the banking crisis when he bought Bank of America and everyone said he was mad. Same thing again now he sold and stocks up 40%. Is he losing his mind? I think not yes airlines look great at the moment but what happens if oil continues its push higher to $60 or $80 totally different picture for airlines. Who ever thought oil would drop as low as it did, could easily and i think it will continue higher
Personal opinion here is this will hit next gap around 9.20 I sold out at 7.00 when it felt a little under pressure. Im standing by the side for now waiting till it hits £9 ish as there is plenty of gaps that werent filled on the way up. I've switched from EZJ to HSX since T Rowe took a 5% stake a couple of days ago.
Hi folks
New to the forum.Lots of conflicting posts on here regarding price up down crash etc.Would be great to know everyones opinion and why..Easy p you say sell but think it will go up for now.Be great to hear your thoughts Thank you